Honorarium

DEFINITION of 'Honorarium'

A voluntary payment that is given to a person for services for which fees are not legally or traditionally required. Honoraria are typically used to help cover costs for volunteers or guest speakers.

BREAKING DOWN 'Honorarium'

For example, when a guest makes a speech at a conference, he or she might receive an honorarium to cover travel expenses. In some countries, the honorarium may be considered taxable income.

RELATED TERMS
  1. Volunteer Protection Act Of 1997

    A federal law authorized by President Clinton that limits the ...
  2. Volunteer Protection Laws

    Federal and state legislation that shields individuals, nonprofit ...
  3. Social Host Liability

    A legal term and area of law that deals with the liability of ...
  4. Voluntary Termination

    1. An employee's decision to leave a job of his or her own accord. 2. ...
  5. Voluntary Liquidation

    A corporate liquidation that has been approved by the shareholders ...
  6. Service Charge

    A type of fee charged to cover services related to the primary ...
Related Articles
  1. Retirement

    What Retirees Should Know Before Volunteering

    When volunteering involves expenses, did you know they may be tax-deductible? Here's the scoop.
  2. Savings

    How To Make Money With Airbnb: Risks & Rewards

    Airbnb lets you turn your home or spare room into extra cash. Here's how to make money and protect yourself from the risks.
  3. Personal Finance

    10 Tips For Running a Successful Airbnb Property

    How to run a successful Airbnb property with these 10 tips.
  4. Economics

    Airbnb Brings P2P Markets to Hotel Industry

    Companies like Airbnb have taken advantage of technological innovations to create platforms that connect individuals to exchange everyday needs.
  5. Taxes

    Myth 2: Filing Is Voluntary

    There are many tax myths that have grown out of general tax confusion. Learning about them can help you avoid costly mistakes.
  6. Home & Auto

    Is Running a Short-Term Rental Worth the Hassle?

    The pros and cons of hosting short-term rentals in your home.
  7. Taxes

    Tax Breaks For Volunteering

    Your volunteer ventures could earn you some welcome tax deductions, along with the satisfaction of helping others.
  8. Investing Basics

    Thanksgiving Budgeting: Stop Being A Doormat And Save Money At The Same Time

    You can't choose your family, but you can choose not to get taken advantage of at Thanksgiving, and save money in the process.
  9. Investing

    Why Las Vegas Hotels Charge Resort Fees

    One of the easiest ways that hotels send their guests home with thinner wallets is by means of drip pricing, the act of charging additional mandatory fees for even the cheapest of hotel rooms.
  10. Insurance

    Is Personal Legal Insurance A Good Deal?

    Some employers offer personal legal insurance as an opt-in benefit. Would it make sense for you?
RELATED FAQS
  1. Does renters insurance cover personal injuries?

    Learn what kind of coverage renters insurance provides against personal injury, and find out how to get discounts when shopping ... Read Answer >>
  2. Why do mutual fund companies charge management fees?

    Learn why mutual funds charge their investors management fees, which include the cost of hiring investment advisors and various ... Read Answer >>
  3. What are some examples of general and administrative expenses?

    Learn examples of the general and administrative expenses such as audit fees, legal fees, rent, utilities and office equipment ... Read Answer >>
  4. What are typical trust fund management fees?

    Learn about trust fund management fees, such as the annual management fee, annual expense ratio, brokerage commissions and ... Read Answer >>
  5. Do mutual fund trading costs hurt your bottom line?

    Find out how a mutual fund's expense ratio could be eating into your bottom line, what costs are included and an example ... Read Answer >>
  6. What is the average cost of a making a will?

    Learn about the costs of establishing a legally enforceable will, and discover the differences between hiring a lawyer for ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center